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MELROSE, NY 12121

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The MELROSE, NY real estate market (12121) currently shows 6 active listings, with 2 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 60 days on market compared to 41 days last year.

The median listing price has fallen 25.2% year-over-year, from $584,900 to $437,500.

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Market Context

Market Context

Population: 2,358  ·  Density: 47.2/mi²  ·  Median household income: $116,250

Typical home value: $230,649  ·  Homeownership: 97.3%

Market Overview

Active Listings
6
⇧ 20% vs 5 last year
Pending
2
33% pending ratio
Median Price
$437,500
⇩ 25.2% vs $584,900 last year
Average Price
$421,517
⇩ 27.9% vs $584,900 last year
Days on Market
60
⇧ 46.3% vs 41 days last year

Price Per Square Foot

Median $/sqft
$177
⇧ 7.3% vs $165/sqft last year
Median Home Size
2,407 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 5 last year
  • Days on market: 60 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $437,500 (-25.2% YoY)
  • Average: $421,517 (-27.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 13.9 miles — 321 listings ($147,575,623 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
12121Melrose, NY 121210.0 mi2$1,099,800$549,900$549,900
12188Waterford, NY 121884.9 mi19$11,799,627$649,900$621,033
12180Troy, NY 121806.4 mi91$35,776,923$362,875$393,153
12094Johnsonville, NY 120946.7 mi4$910,000$227,500$227,500
12118Mechanicville, NY 121188.0 mi79$45,091,620$588,150$570,780
12052Cropseyville, NY 120528.7 mi5$2,449,835$495,000$489,967
12189Watervliet, NY 121899.4 mi17$4,566,863$244,900$268,639
12028Buskirk, NY 1202810.8 mi5$1,499,500$299,900$299,900
12151Round Lake, NY 1215110.9 mi3$1,342,500$447,500$447,500
12198Wynantskill, NY 1219811.5 mi21$8,570,730$313,624$408,130
12211Albany, NY 1221112.4 mi36$23,989,608$594,950$666,378
12090Hoosick Falls, NY 1209012.8 mi28$7,682,164$224,975$274,363
12138Petersburg, NY 1213813.9 mi11$2,796,453$269,500$254,223

Frequently Asked Questions

How many homes are for sale in MELROSE, NY 12121?

As of September 2026, there are 6 active listings in MELROSE, NY (zip code 12121), compared to 5 the prior year.

What is the median home price in MELROSE, NY 12121?

The median listing price in MELROSE, NY 12121 is $437,500 as of September 2026, a 25.2% decrease from $584,900 the prior year.

How long do homes stay on the market in MELROSE, NY?

Homes in MELROSE, NY 12121 spend an average of 60 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in MELROSE, NY 12121?

Based on current inventory and days-on-market data as of September 2026, MELROSE, NY 12121 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 60 days on market compared to 41 days last year.

How much can I save on real estate commission in MELROSE, NY?

With SELL123.com's maximum 3% commission, sellers in MELROSE, NY 12121 save an estimated $8,750 compared to a typical 5% commission on the median listing price of $437,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.